Published on 28/10/2021 10:17:48 AM | Source: Kedia Advisory

JPYINR trading range for the day is 64.64-67.16 - Kedia Advisory

Posted in Currency Report| #Currency Tips #Kedia Advisory

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* USDINR trading range for the day is 75.1-75.42.

* USDINR remained supported as signs of high inflation drove investors to bet on global rate increases.

* India showed more signs of a recovery taking hold last month as its consumption-driving festive season kicked off

* Swap rates are rising in India in a sign that traders expect the central bank to roll back monetary stimulus quicker than expected



* EURINR trading range for the day is 87.2-87.54.

* Euro remained in range as the European Central Bank, is also expected to be slow in tightening its policy, keeping the euro in check.

* German consumer sentiment rises for 2nd month despite inflation - GfK

* Euro zone banks tightened access to mortgages in the three months to September and expected to continue doing so in the final quarter of the year



* GBPINR trading range for the day is 102.88-103.9.

* GBP dropped as investors paused for breath to assess the risk posed by the pandemic in the UK.

* UK's Sunak tries to move on from COVID with new spending plans

* S&P affirms UK at 'AA/A-1+', maintains stable outlook



* JPYINR trading range for the day is 64.64-67.16.

* JPY rose as Japan's central bank is seen retaining its easy monetary policy stance.

* Japan's services prices rise for 7th straight month on freight cost gains

* Japan's consumer inflation turns positive as energy costs rise



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